Amalgamated Electricity Company has ceased to be holding company of Amalgamated Business Solutions (ABSL) with effect from December 03, 2013.
Amalgamated Electricity Company held 25,192 equity shares constituting 50.38% of ABSL. ABSL made a preferential issue of 1,000 equity shares of Rs 10 each pursuant to the Companies Act, 1956. Further to the allotment of the said shares, the company’s holding in ABSL has reduced to 49.40% of the enhanced capital of ABSL.
Amalgamated Electricity Company provides a range of consultancy and management services in India. The company was founded in 1936 and is based in Mumbai, India. It is primarily involved in computer hiring activities.
